Brunvoll signs its largest order for three shuttle tankers

Brunvoll has signed a contract with Cosco Shipping Heavy Industry Zhoushan for the delivery of comprehensive propulsion and manoeuvring packages for three shuttle tankers for Knutsen NYK Offshore Tankers AS (KNOT). While the exact contract value is undisclosed, Brunvoll can confirm that it is in the range of several hundred million NOK. The contract also

COSCO launches fully-electric 10,000 ton container ship service

Chinese state-owned company COSCO Shipping has launched what it calls the “world’s largest” river-to-sea electric container ship. The Green Water 01 is a 10,000-ton+ fully electric vessel that sets a new benchmark in sustainability in the marine logistics industry. China Ocean Shipping (Group) Company, or COSCO for short, is a state-owned multinational conglomerate headquartered in

COSCO signs for methanol engine retrofits at Marintec China

COSCO Shipping has signed up a series of its containerships for a methanol dual-fuel revamp at the Marintec China exhibition in Shanghai. COSCO Group shipyard COSCO Shipping Heavy Industry has selected Germany’s MAN Energy Solutions and Finnish marine technology provider Wartsila for the project. The deal covers four 13,800 teu and four 20,000 teu ships

COSCO developing methanol as a future fuel

China’s state-owned shipping behemoths are going hard after methanol as a future fuel. To this end, COSCO, the world’s largest shipowner, has teamed with three other state-run firms – State Power Investment Corporation Limited (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection Group (CCIC) – to develop a green methanol industrial chain

COSCO and Sinopec venture readies LNG carrier orders

China Energy Shipping Investment (CESI), a joint venture between COSCO Shipping and Sinopec, is set to order three 175,000 cu m LNG carriers worth around $761m. In a regulatory filing, Sinopec said the Hong Kong-incorporated investment holding company, 51% owned by Shanghai Cosco Shipping LNG, a subsidiary of COSCO Shipping Energy Transportation and 49% owned

COSCO unveils electric container ship

COSCO Shipping Development, the financing arm of Chinese state giant COSCO Shipping, has announced the launch of a 700 teu electric container ship which will serve a regular 1,000-km route up and down the Yangtze River. The 10,000 dwt vessel will be powered by 36 portable container-sized batteries and have two 900 kW main propulsion

COSCO and PetroChina order two more LNG newbuilds

COSCO Shipping and PetroChina are returning to CSSC-affiliated Hudong-Zhonghua Shipbuilding for two additional 174,000 cu m liquefied natural gas (LNG) carrier newbuilds..

Major shipping lines up further orders

Maersk Broker is reporting CMA CGM and Hapag-Lloyd have approached several Korean yards for 10 and six 4,000 teu methanol dual-fuel vessels with Hyundai Mipo Dockyard deemed the frontrunner. In China, meanwhile, Maersk Broker is reporting COSCO is lining up a new series of 16,000 teu methanol dual-fuel ships at affiliated yards. Last year in

ABS gives approval to ammonia-fueled vessels

ABS awarded two approvals in principle (AIPs) to COSCO Shipping Heavy Industry Co., Ltd., and COSCO Shipping Heavy Industry Technology Co., Ltd., for their ammonia-fueled vessel and ammonia supply system designs which are being trialed on a tugboat. Given the challenging characteristics of ammonia, ABS conducted a comprehensive review and risk assessment focused on ammonia

COSCO and China Merchants exploring methanol fueled ships

China explores methanol shipping COSCO and Dalian developed the designs for China’s first domestic VLCC fueled with methanol (COSCO). Methanol is continuing to gain momentum as a leading option for the shipping industry to address decarbonization. Already adopted by an emerging group of shipping lines, two of China’s leading shipping companies are joining the effort